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Jul 23, 2021

Superannuation modernization: should you outsource?

To stay competitive, many superannuation funds are choosing to either outsource their registry platform and servicing operations, or reevaluate their already outsourced administration service provider’s technology and services. As funds modernize their operations, they face obstacles like disparate legacy systems, high expectations from members, and a complicated web of regulations.

Jul 22, 2021

Trillions of dollars at stake: don’t overlook the Great Wealth Transfer

In the decades ahead, the world will experience a significant change in demographics and finances as older individuals transfer large amounts of accumulated wealth to younger generations. In the U.S. alone, some $68 trillion in assets is estimated to be at stake. The Great Wealth Transfer, as it is nicknamed, presents a make-or-break opportunity for wealth management firms. Firms need to be proactive to make their offerings attractive to younger generations and create tailored solutions to meet their unique needs.

Jul 21, 2021

Microservices: what are they and why you should care

In our last post, we talked about how SS&C approached the development of Lyric. We learned that microservices are a core part of Lyric’s architecture. Modern developers are increasingly adopting microservices due to their agility-focused benefits, and as a result, the architecture is appearing more and more in new technologies. However, for those who work outside the tech world, microservices likely spark some basic questions: what are they, why use them, and what are the benefits?

Jul 20, 2021

How SS&C approached the design and execution of Lyric

What does it take to develop and implement transformational technology? Quite a lot. Resources, vision, investment and expertise to name a few. For SS&C, our Lyric journey began with a well-designed plan focused on the fundamentals: understanding the business and marketplace needs, alignment between tech priorities and business needs throughout the process, and delivering on outcomes.

Jul 15, 2021

Tax reporting outsourcing: reduce risk and increase operational efficiency

AEOI compliance can be very complex, as different countries and jurisdictions have different requirements. AEOI, which stands for Automatic Exchange of Information, covers both the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). FATCA is a US regulation enacted in 2010, and CRS is the global equivalent enacted in 2014. An international framework of more than 100 participating jurisdictions have signed a Multilateral Competent Authority Agreement to facilitate the automatic exchange of information to prevent tax evasion.

Jul 14, 2021

Lead the commercial real estate pack in 2022 with intelligent automation

Although last year had some negative effects on all classes of commercial real estate (CRE), it has provided possibilities for innovative CRE companies to utilize technology to get ahead of the curve.

A national consulting company recently published an outlook for CRE, where it mentions how intelligent automation technology can help CRE companies improve their margins. Companies adding intelligent automation technology for operations, transformation and data automation will position themselves as leaders in the customer experience.

Jul 13, 2021

The modern law firm: Automated. Integrated. Digitized.

Many have noted the legal world’s relative lag in digitization compared to other professional services industries. In fact, in its 2019 “Introduction to LawTech,” the UK’s Law Society said, “while there has been a significant rise in the number of LawTech providers since 2016, the legal sector has been slow in adopting new technology.”

Jul 12, 2021

HEDIS expansion of digital measures: preparing for 2022 reporting

In 2015, the National Committee for Quality Assurance (NCQA) initiated a multi-year process to transform Healthcare Effectiveness Data and Information Set (HEDIS®) quality measurement, beginning with the specification of the first Electronic Clinical Data Systems (ECDS) measure. ECDS measures are a subset of measures that NCQA specifies in a digital measure format that represent a new reporting method leveraging clinical data available at the point of care. 

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